Rayonier - Best-in-Class, Pure-Play Timber REIT
TX-1
Composite Price
Acquisitions Located in Strongest U.S. South Markets
Supply/demand dynamics are highly localized, as logs generally travel less than 100 miles
Timber consumption vs. inventory growth remains much more tensioned in Coastal Atlantic markets
TMS 2016 Composite Price Quartile Rankings
TMS 2016 Composite Price by Region
First Quartile
Second Quartile
Third Quartile
Fourth Quartile
Rayonier
TN-1
TN-2
AR-2
SC-1
GA-1
SC-2
AR-1
MS-1
AL-1
LA-1
AL-2
GA-2
MS-2
TX-2
LA-2
100
150
200
FL-2
Miles
FL-1
$25
VA-1
VA-2
Top 3
Markets
$20
NC-1
NC-2
$15
$5
$10
FL-1
GA-2
SC-2
NC-2
FL-2
LA-1
VA-2
VA-1
LA-2
AL-2
TX-1
Acquisition Markets
SC-1
GA-1
The Acquisitions are located in the top three U.S. South timber markets, ranked by Timber
Mart-South average composite stumpage price by region.
Rayonier
Source: Timber Mart-South.
Note:
Composite stumpage price by region calculated based on assumed mix of 50% pulpwood, 30% chip-n-saw and 20% sawtimber.
Investor Relations | August 2017
TX-2
MS-2
AL-1
AR-1
NC-1
AR-2
MS-1
16
U.S. South Average
TN-2
TN-1View entire presentation